Posts Tagged ‘Bob Coleman’

May 28, 2013 By Bob Coleman Editor, Coleman Report University of Virginia’s Ed Hess has penned a case study about Leaders Bank, an Illinois community bank as part of the curriculum of a free MBA style course by Coursera. “Grow to Greatness” was a four week class discussing how successful entrepreneurs have grown their business.…

May 24, 2013 By Bob Coleman Editor, Coleman Report Guilty verdicts were reached this morning for four of the five defendants in the Norfolk, Virginia, Bank of Commonwealth fraud trial. From Channel 10, Norfolk; “The jury found former CEO Edward Woodard, Jr. guilty of conspiracy to commit bank fraud, bank fraud, false entry in a…

May 24, 2013 By Bob Coleman Editor, Coleman Report A church deacon, jaycee and Junior Achievement volunteer is set to plead guilty June 4th for ripping off BB&T some $300,000. How? The usual, boring way. Make some fake loans to your customers and deposit the proceeds into the joint account with your wife. The scheme…

May 23, 2013 By Bob Coleman Editor, Coleman Report Entrepreneur’s Cat Clifford has a great piece for small business stat junkies. Here are a few · 13% of U.S. adults are either starting a small business, or are a new small business owner · 16% of first generation immigrants are either starting a small business,…

May 23, 2013 By Bob Coleman Editor, Coleman Report I didn’t get the memo that 50,000 manufacturing jobs came back to the USA between 2010 and 2012, many of them created by American small businesses. AP’s Joyce Rosenberg writes rising overseas labor costs, increased shipping costs and a weaker dollar are the reasons for the…

May 22, 2013 By Bob Coleman Editor, Coleman Report New York Times blogger Ami Kassar has had enough. While admiring small business alternative lenders “speed to market” approach using innovation and technology, he is fed up with interest rates approaching 100%. Calling for self regulation Ami writes “I do think there is a place for…

May 21, 2013 By Bob Coleman Editor, Coleman Report Biz2Credit’s Rohit Arora has penned a provocative column arguing Main Street community banks may soon join thousands of other shuttered Main Street small businesses. “Government regulations have also forced many small community banks to close over the last three years. The Dodd-Frank Act was designed to…

May 21, 2013 This is first I’ve heard of this source of small business loan funding from casino revenues. Administered by the Anne Arundel EDC, the $3.4 million fund is the result of a 1.5% slice of casino state revenues. A small business is defined as companies with fewer than 500 employees and less than…

May 20, 2013 By Bob Coleman Editor, Coleman Report Reports Small Business Trends, “Small businesses are borrowing less again. “A March report from the U.S. Small Business Administration showed small business lending had increased for the first time in 10 quarters in the last part of 2012. “But more recently the Thomson Reuters/PayNet Small Business…

May 17, 2013 By Bob Coleman Editor, Coleman Report In January of 2013, SBA announced the issuance of Standard Operating Procedure (SOP) 50 57 (7(a) Loan Servicing and Liquidation) which became effective on March 1, 2013. During the past few weeks, Agency staff have received and reviewed questions and comments from program participants, including Lenders,…